Stobarts a case in point ?

[njneer]

The demise of Stobarts ,
A company who have for years driven the rates down to get the work and driven them down for all in the industry by consequence.
Making it impossible for small to medium haulage firms to be able, firstly to tender for the work, or to be able charge a reasonable rate to make a sustainable living.
Fleets of trucks on tick , fancy premises and Tv programs all running on back load rates .
Classic fur coat and no knickers economy , very similar business model to that employed by many start up
Contractors with the same inevitable results.

 

[David.]

Yes but everyone wants a piece of what is perceived to be a winner.

 

[icanshootwell]

I thought i was seeing less of there trucks about.

 

[chaffcutter]

Did you see the terms offered by the finance group who wanted 51% and the loan rate was 25%!!!!

 

[Chae1]

Do they still have southend airport?

 

[Kidds]

It was always a race to the bottom.
Must be some opportunities out there as a result.

 

[Moors Lad]

Are they finished?

 

[bobk]

Refinancing

Eddie Stobart’s son William key to troubled haulier’s rescue deal

The investors behind the deal for Eddie Stobart have revealed the key role a son of the haulier’s founder will play in the troubled company’s…

www.newsandstar.co.uk

 

[Werzle]

Spent too much on racehorses and fast cars

 

[Nearly]

Spent too much on slow ? racehorses and fast cars

 

[Lincs Lass]

Huge rail freight business and they have their own tree surgery trackside maintenance crew

 

[JeepJeep]

Tinklers put a plan together aswell..
Wincanton aren't interested anymore apparently.

 

[deleted user 837354]

No way, Stobarts gone pop? They were into rail and air freight and all sorts?

 

[bobk]

Didn't they buy Flybe with Virgin

 

[Smith31]

This is modern business, the men at the top lived the high life, sold privately owned assets to the company for a good profit, withdrew excellent salaries. However when the company goes bust the banks owned by no one in person, will take the hit.

Ladies and gentlemen this is fake money running a fake business model, sooner or later the whole country is going to be in a whole lot of mess.

 

[Lincs Lass]

https://www.telegraph.co.uk/busines...t-close-collapse-investors-reject-rescue-bid/

 

[Drillman]

Typical big business. Too top heavy with lots of folks to pay who don’t actually make the company any money.

If your going down that route you can’t keep undercutting without the inevitable happening!

 

[Jackov Altraids]

Typical big business. Too top heavy with lots of folks to pay who don’t actually make the company any money.

If your going down that route you can’t keep undercutting without the inevitable happening!

Not just big business, I think you've just summarised Labour's manifesto.

 

[chaffcutter]

Think the rail and airports etc are a separate entity iirc.

 

[Drillman]

Not just big business, I think you've just summarised Labour's manifesto.

No no no no labours manifesto is vastly different!

According to them everything is going to be free and we all get a kitten as well?